102/40 Janefield Drive, Bundoora, VIC 3083

Situated on the Ground Level this recently refurbished twin key apartment offers 2 bedrooms, 2 bathrooms and boasts a generous 82m2 internal size, plus 11sqm of outdoor balcony, and car park.

Tenanted by QUEST on a long term lease, this Twin Key apartment offers an interconnecting door providing the versatility to separate into two separate apartments dependent on bookings. A solid investment with fantastic returns, complete with a secure underground carpark and communal BBQ area.

Quest Bundoora is located within the Uni Hill town center with a short stroll to DFO Shopping Centre, supermarkets, local restaurants and cafes, A tram stop is nearby taking you directly to the city and is also within close proximity to La Trobe University, RMIT, Parade College and Northern Hospital.

NB: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

Lease Details:

Current Rent: $39,299 pa ($753 per week)

Increases: 4% annually between market reviews every 5 years (Next Mkt Rev due 2027)

Current Return: 7.6% Gross - 7% Nett

Lease: Until 26/08/2027

Options: 6 x 5-Year options

Approximate Owner Outgoings:

Council Rates: $1,873 pa

Water Rates: $792 pa

Body Corporate Maintenance Fund: $672 pa

Tenant (QUEST) Outgoings:

Body Corporate Administration Fee

Inspection is by private appointment.

For further details please contact:

Nick Walters of Kingsford Property - 0438 557 885

[email protected]

Disclaimer: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.